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20121007
20121007
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. next speaker. >> good afternoon. my name is joe and i'm a resident of the golden gateway. i have live there had for 18 years. when i first started my tenancy in july of 1995, i quickly made contact with existing tenants and formed friendships with them. some of them have lasted to this day, even though some of those tenants are have moved out and then i noticed that certain parents on my floor, the 14th floor, where there are 20 apartments, didn't house them and learned that they were rented to corporation for their overflow tenants. it changes the atmosphere considerably, if you rent an apartment or even if you buy a home, you want tenants that you can associate with, and this hotelization makes you feel like you are in a hotel, not in a home. a second point i would briefly make is that the hotelization program seems to subvert capitalism. if an owner of an apartment house who has several vacancies, the inclination is that he will raise rents, but with hotelization, chances are that the apartment house will always be filled and there will be no motivation by the owner to lower rent
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